Air Products & Chemicals, a leading industrial gas seller, announced a downward revision of its fiscal-year earnings guidance. The company now expects fiscal 2024 earnings in the range of $12.20 to $12.50 per share, down from the previous guidance of $12.80 to $13.10 per share. This update comes as a disappointment to analysts, who had predicted earnings of $12.97 per … [Read more...] about Air Products & Chemicals Cuts Earnings Guidance
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SunPower Faces Challenges as Stock Declines
SunPower, a leading solar energy company, experienced a significant drop in stock value following the announcement of an amendment and waiver to its credit agreement with lenders including Bank of America and Citibank. Stock Performance: A Cause for Concern The stock's downward trend is evident, with SunPower shares closing down by 7.6% to $4.43. Year-to-date, the stock has … [Read more...] about SunPower Faces Challenges as Stock Declines
CarMax Reports Decline in Q2 Earnings
CarMax Inc.'s stock (KMX) experienced a 6.5% decline in premarket trade on Thursday following the release of its second-quarter earnings report. The Richmond, Va.-based used car retailer faced continued pressure within the sector, resulting in a decrease in net income compared to the same period last year. For the quarter ending on August 31, CarMax reported a net income of … [Read more...] about CarMax Reports Decline in Q2 Earnings
